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GiG Gaming Innovation Group reports Q2 2021 Gaming Innovation Group Inc. ( GiG ) reports Q2 2021 revenues * of € 16.2 million and an EBITDA of € 5.3 million . " Another rewarding quarter for GiG , with meaningful growth in revenues , EBITDA and EBIT as well as underlying business dynamics . The Company is progressing towards our business growth & expansion strategies , improving delivery and future position of the group " , says Richard Brown , CEO of GiG . Financial Highlights • Revenues * in Q2 2021 were € 16.2m ( 13.2 ) , an increase of 23 % , all organic growth EBITDA was € 5.3m ( 2.8 ) , up 86 % , EBITDA margin * increased to 32.6 % ( 21.6 % ) Revenues in Media Services at all - time high of € 11.0m ( 8.6 ) , an increase of 28 % , with an all - time - high EBITDA of € 5.3m ( 4.8 ) Revenues * for Platform Services were € 5.1m ( 4.7 ) , an increase of 9 % , with a positive EBITDA of € 0.2m ( -0.9 ) • Positive EBIT of € 2.1m ( -2.2 ) , an improvement of € 4.3m Positive cash flow from operations of € 3.4m ( 10.1 ) Strengthening of the balance sheet through conversion of € 8.5m convertible loan and refinancing of bond , maturity extended to June 2024 ● Operational Highlights ● ● ● Signed an agreement for the provision of GiG's iGaming platform to power a new online casino for the European market , operating on its own license Signed an agreement with current partner PlayStar Casino , for the provision of GiG's iGaming platform technologies to power the brand's expansion into the state of ● Pennsylvania One new brand was launched in Q2 and the development for three additional brands are now complete , whereof one went live on the platform in August with the remaining pending the clients ' decision to launch , expected in Q3 2021 Media Services continued its positive development in the quarter , with all - time high revenues and player intake Entered three new markets in Media and three in Platform Sports Betting Services continued to improve operations , securing a sound cost base for future growth • Winner of Full Service Platform of the year at EGR iGaming awards and Top 3 in EGR Power Affiliates 2021 Events after Q2 One brand went live in August , two additional brands are development complete and ready to go live , and the remaining integration pipeline are progressing towards their project plans July has developed positively , and revenues are up 10 % compared to the same period last year , and adjusted for terminated white - labels and Germany , revenues are up 26 %